Asset Builders Of America Inc
- Assets
- $598.9k
- Revenue
- $482.0k
- Investments
- $27.4k
- Employees
- 1
- Location
- Madison, WI
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 39-2005260
Organization Overview
Asset Builders Of America Inc is located in Madison, WI. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asset Builders Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Asset Builders Of America Inc generated $482.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $247.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND IMPLEMENT WEALTH-BUILDING STRATEGIES FOR LOW- TO MODERATE-INCOME ADULTS AND YOUTH; PROVIDE INTELLECTUAL AND FINANCIAL OPPORTUNITIES THAT DEVELOP A WEALTH-BUILDING CAPACITY AMONG INDIVIDUALS AND COMMUNITIES, THEREBY ENHANCING THEIR QUALITY OF LIFE; ADD VALUE AND SUPPORT TO THE EFFORTS OF OTHER ORGANIZATIONS, THROUGH ASSISTANCE WITH MARKETING AND OUTREACH SERVICES, THAT ARE INVOLVED IN ECONOMIC AND FINANCIAL LITERACY EFFORTS; PROMOTE NETWORKING OPPORTUNITIES AMONG INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS CONCERNED WITH ECONOMIC AND FINANCIAL LITERACY; PROVIDE PROFESSIONAL LEADERSHIP TO URBAN COMMUNITIES AND OTHER INTERESTED PARTIES IN EVALUATING ECONOMIC AND FINANCIAL EDUCATION OPTIONS; AND BUILD CONSENSUS ON ISSUES RELATED TO ECONOMIC AND FINANCIAL EDUCATION THAT WILL BENEFIT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINANCIAL AND INVESTMENT CHALLENGE BOWL (FICB) TEACHES HIGH SCHOOL STUDENTS ABOUT BUDGETING, CREDIT, ECONOMICS, PERSONAL FINANCE, AND INVESTING. STUDENTS FORM TEAMS OF FOUR STUDENTS EACH, STUDY, PRACTICE, AND EVENTUALLY COMPETE IN A COLLEGE-BOWL TOURNAMENT THAT SHOWCASES THEIR KNOWLEDGE AND ACHIEVEMENTS IN AN ATMOSPHERE OF FRIENDLY COMPETITION. OVER 1,000 STUDENTS COMPETE EACH YEAR.
THE YOUTH POWER ACADEMY OF FINANCE IS A TWO-WEEK PERSONAL FINANCE AND COLLEGE READINESS "BOOT CAMP" FOR STUDENTS ENTERING MIDDLE SCHOOL AND EARLY HIGH SCHOOL STUDENTS. ABOUT 40 STUDENTS PARTICIPATE DURING THE YEAR (MILWAUKEE AND MADISON).
THE MONEY CONFERENCE PROVIDES AFFORDABLE, HIGH-QUALITY, AND UNBIASED FINANCIAL EDUCATION FOR THE WHOLE FAMILY. WE CONDUCT THE COMMUNITY-ORIENTED CONFERENCE IN TWO WISCONSIN CITIES EACH YEAR, WITH TOTAL ANNUAL ATTENDANCE AVERAGING 125 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Entenmann Executive Director | OfficerTrustee | 40 | $111,056 |
Pam Anderson Co-Chair | OfficerTrustee | 1 | $0 |
Scott Beyer Co-Chair | OfficerTrustee | 1 | $0 |
Eric Christiansen Secretary | OfficerTrustee | 1 | $0 |
Steven Devougas Director | Trustee | 1 | $0 |
Jim Kubek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,042 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $464,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,815 |
| Total Program Service Revenue | $3,490 |
| Investment income | $174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,056 |
| Compensation of current officers, directors, key employees. | $22,381 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,212 |
| Advertising and promotion | $2,004 |
| Office expenses | $10,240 |
| Information technology | $5,276 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $27,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,934 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,824 |
| All other expenses | $1,605 |
| Total functional expenses | $247,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,757 |
| Savings and temporary cash investments | $92,566 |
| Pledges and grants receivable | $14,022 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $744 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $454,389 |
| Investments—other securities | $27,373 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $598,851 |
| Accounts payable and accrued expenses | $10,854 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,820 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,674 |
| Net assets without donor restrictions | $492,091 |
| Net assets with donor restrictions | $85,086 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $598,851 |